Australian Melbourne Institute Inflation Gauge for December 2024: 0.6% m/m, the largest jump higher in a year prior 0.2% trimmed mean +0.4% m/m, highest since March 2024 2.6% y/y AUD is little changed. Around 0.6155. *** The Australian Melbourne Institute Inflation Gauge is an independent, monthly measure of inflation in Australia. It is designed to provide an early indicator…
The United States (USD) and the United Kingdom (UK) administration imposed tougher sanctions against Russia’s oil industry, targeting nearly 200 vessels of the so-called “shadow fleet,” major oil companies, and associated entities, the Office of Foreign Assets Control (OFAC) said on Friday. The measures also target two of Russia’s major oil producers, Gazprom Neft and Surgutneftegaz, along with dozens of…
I posted earlier on Morgan Stanley unmoved by the jobs report: In the preamble to that post I spoke about the data. Repeating it here ’cause it contains what should be useful info: December payroll data from the US was much stronger than expected: The +256,000 headline significantly beat expectations of 160,000. The highest expected was +200,000, while the…
The US Dollar rallies and sees Euro (EUR) print fresh 13-month low against the Greenback at 1.0215. Inflation concerns are emerging again after the strong Employment Report and push back Fed’s rate cut planning. The US Dollar Index (DXY) nearly reaches 110.00 in the US Jobs Report aftermath. The US Dollar Index (DXY), which tracks the Greenback’s value against six…
The NASDAQ index moved to a low of 19143.64. That was down over 300 points on the day and in the process has moved within a swing area defined by recent swing lows of swing highs between 19119 and 19208 . A move below that area would open the door for further selling technically (see renumbered circles on the…
Gold price pops to 2,685 on the back of a strong US Jobs report. The Fed remains data dependent despite market conviction inflation will surge in 2025. Gold attempts to breakout towards $2,700, with help of the upbeat US employment report. Gold’s price (XAU/USD) is set to close off this week on a high note while trading in its fourth…
The first full trading week of 2025 saw significant market movements driven by strong U.S. employment data, evolving central bank expectations, and ongoing geopolitical developments. Monday is right around the corner so it’s time to establish our fundamental framework for understanding potential scenarios in the week ahead. This Article Is For Premium Members Only Become a Premium member for…
Mon: N/A Tue: EIA STEO; CBR Policy Announcement; Indian WPI (Dec), US PPI (Dec) Wed: IEA OMR, UK CPI (Dec), EZ Industrial Production (Nov), US CPI (Dec), NY Fed Manufacturing (Jan) Thu: ECB Minutes (Dec), BoK Policy Announcement; Australian Employment (Dec), UK GDP (Nov), EZ Trade Balance (Nov), US Import/Export Prices (Dec), Jobless Claims (w/e 11th), Retail Sales (Dec)…
The December labor market numbers are clearly firmer than expected, with headlines and details broadly better than feared. Still, the data is notoriously volatile, and the unemployment rate is still up almost a percentage point from a year ago and at its second highest level (outside of the 2020/21 pandemic) since 2017, RBC Economics’ economists note. Canadian employment in…
This week our currency strategists focused on the Australian CPI update for potential high-quality setups in the Aussie dollar. Out of the four scenario/price outlook discussions this week, two discussions arguably saw both fundie & technical arguments triggered to become potential candidates for a trade & risk management overlay. Check out our review on those discussions to see what…
